US Manufacturing Growth Slows


The Institute for Supply Management’s Manufacturing PMI decreased to 50.1 in October of 2015 from 50.2 in September. It is the lowest level since May of 2013 as a high dollar and low oil prices hurt exports and job creation fell sharply.

The New Orders Index registered 52.9 percent, an increase of 2.8 percentage points from the reading of 50.1 percent in September. 

The Production Index registered 52.9 percent, 1.1 percentage points above the September reading of 51.8 percent. 

The Employment Index registered 47.6 percent, 2.9 percentage points below the September reading of 50.5 percent. 

Backlog of Orders registered 42.5 percent, an increase of 1 percentage point from the September reading of 41.5 percent. 

The Prices Index registered 39 percent, an increase of 1 percentage point from the September reading of 38 percent, indicating lower raw materials prices for the 12th consecutive month. 

The New Export Orders Index registered 47.5 percent, up 1 percentage point from September, and the Imports Index registered 47 percent, down 3.5 percentage points from the September reading of 50.5 percent. 

Of the 18 manufacturing industries, seven are reporting growth in October in the following order: Printing & Related Support Activities; Furniture & Related Products; Miscellaneous Manufacturing; Food, Beverage & Tobacco Products; Chemical Products; Paper Products; and Fabricated Metal Products. The nine industries reporting contraction in October — listed in order — are: Apparel, Leather & Allied Products; Primary Metals; Petroleum & Coal Products; Plastics & Rubber Products; Electrical Equipment, Appliances & Components; Machinery; Transportation Equipment; Wood Products; and Computer & Electronic Products.

US Manufacturing Growth Slows


ISM | Joana Taborda | joana.taborda@tradingeconomics.com
11/2/2015 3:12:14 PM